Skip to content Menu

NACUBO, joined by 10 associations, responded to the November 17 request for comments by the IRS, seeking regulatory modifications or waivers from requirements that could assist taxpayers with economic recovery from the pandemic. The notice originated with a May 19 executive order directing agencies to consider principles of fairness in administration enforcement during the current crisis.

Highlighting the logistical hurdles in garnering in-person or “wet” signatures, NACUBO’s December 11 letter pushed for acceptance of electronic signatures at a time when campus business office staff are working remotely. 

NACUBO also pushed for filing deadlines to be extended for Forms 990- and 990-T, as well as for all IRS notices colleges and universities may receive, as they pertain to previous time periods that typically require staff to visit campus offices to properly research before responding.

The IRS is accepting comments at www.regulations.gov until January 1, 2021.

Contact

Mary Bachinger

Director, Tax Policy

202.861.2581


Related Content

IRS Issues Guidance on 1098-T Reporting for HEERF Emergency Grants to Students

CARES Act grants to students should not be included on the 2020 Form 1098-T, according to the IRS.

Year-End Bills Contain Federal Budget, Pandemic Relief, and Higher Ed Policy Provisions

Congress has finally passed two large bills that together will fund the federal government, provide additional relief for the economic blows of the pandemic, and make several noteworthy changes to higher education policy.

IRS Releases Final Rules on Executive Compensation Tax

The IRS has issued final regulations implementing the excise tax on executive compensation enacted as part of the Tax Cuts and Jobs Act of 2017.